News for hackers. Stuff that matters.

A comment on Tesla's market cap now accounts for roughly 1/3rd of the global automaker market. Parent comment

Re:Tesla's market cap now accounts for roughly 1/3rd of the ... by randmeerkat on Sunday December 13, 2020 @10:41PM (#25413278)
Elon Musk will love this: Tesla short sellers lost more than the US airline industry this year

https://www.cnn.com/2020/12/04/investing/tesla-short-sellers...

[ Parent | on HN ]
Re:Tesla's market cap now accounts for roughly 1/3rd of the ... by calabin on Monday December 14, 2020 @01:49AM (#25414251)
To be fair, all of the Enron shorts lost their shirts until they didn't. I'm not saying that TSLA is an Enron, but using performance thus far as an indicator of likely performance into the future is a famously poor idea.

TSLA has famously bad QA issues, etc etc I don't need to go on. Few (including some of those who are holding TSLA stock right now) would say that there is meaningful justification for the current valuation.

[ Parent | on HN ]
Re:Tesla's market cap now accounts for roughly 1/3rd of the ... by weare138 on Monday December 14, 2020 @02:53AM (#25414559)
A more recent example is WeWork.
[ Parent | on HN ]
Re:Tesla's market cap now accounts for roughly 1/3rd of the ... by opinion-is-bad on Monday December 14, 2020 @03:06AM (#25414615)
No one got a chance to short WeWork since the IPO never happened.
[ Parent | on HN ]